10.92 Acres Commercial
For Sale
$1,596,000
501 Park Place, Lexington, KY 40511
10.92± acres of commercial land ideal for retail, office.
Property SizeContact for details
Lot Size10.92 Acres
Days on Market151
Property Features for 501 Park Place
General Information
Standard status
Active
Lot size
10.92 Acres
Property subtype
Land
Listing Agency:
CBRE Inc.
(502) 412-7659
Listed By:
Michael Somervell
(502) 412-7659
Source:
Cbre
Added: Mar 25
Changed: Jul 10
Last Checked: Aug 22 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE Inc.
Investment Insights
Based on property information with market context.
The property encompasses a total site of 10.92± acres, with 5.32± useable acres based on proposed changes to B-6P zoning setbacks. It features frontage on West New Circle Road near the Newtown Pike Overpass and is situated next door to a Walmart-anchored shopping center. Zoned B-6P Commercial Center, the site offers easy access to I-64/I-75. It is ideal for retail, office, hotel, or multi-family development.
Key Highlights
- 5.32± useable acres, based on proposed zoning changes
- Frontage on West New Circle Road near Newtown Pike Overpass
- Next door to Walmart anchored shopping center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 40511, KY
36,146
Population
14,963
Households
2.4
Avg Household Size
35
Median Age
38%
College-Educated
89%
High-School Grad
86.0 sq mi
ZIP Area
420
Density / Sq Mi
$77,476
Median Household Income
$43,416
Median Earnings
$1,159
Median Rent
$233,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 10.92± acres of commercial land ideal for retail, office.
Where is this commercial land located?
The property is located at 501 Park Place Lexington, KY.
What is the asking price?
The asking price for this property is $1,596,000.
What are key features of this property?
This property features: 5.32± useable acres, based on proposed zoning changes; Frontage on West New Circle Road near Newtown Pike Overpass; Next door to Walmart anchored shopping center
